BNP Paribas Financial Markets Purchases 1,869 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

BNP Paribas Financial Markets raised its holdings in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,750 shares of the basic materials company's stock after purchasing an additional 1,869 shares during the period. BNP Paribas Financial Markets owned about 0.07% of CSW Industrials worth $4,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CSWI. Raymond James Financial Inc. acquired a new stake in CSW Industrials during the fourth quarter valued at $18,197,000. Blue Trust Inc. grew its stake in shares of CSW Industrials by 25.3% in the 4th quarter. Blue Trust Inc. now owns 361 shares of the basic materials company's stock valued at $132,000 after purchasing an additional 73 shares during the period. Avantax Advisory Services Inc. increased its position in shares of CSW Industrials by 5.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 826 shares of the basic materials company's stock worth $291,000 after purchasing an additional 46 shares in the last quarter. Congress Asset Management Co. grew its position in CSW Industrials by 1.2% during the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock worth $72,745,000 after acquiring an additional 2,544 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its stake in shares of CSW Industrials by 40.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,500 shares of the basic materials company's stock valued at $1,235,000 after buying an additional 1,000 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSWI has been the subject of several analyst reports. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Citigroup lowered their target price on shares of CSW Industrials from $364.00 to $313.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Truist Financial started coverage on shares of CSW Industrials in a report on Friday, February 14th. They set a "hold" rating and a $362.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, CSW Industrials presently has an average rating of "Hold" and a consensus price target of $342.50.

Insider Transactions at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the sale, the executive vice president now owns 24,853 shares in the company, valued at approximately $7,260,058.36. This trade represents a 8.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James E. Perry sold 145 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $312.87, for a total transaction of $45,366.15. Following the transaction, the executive vice president now directly owns 26,613 shares of the company's stock, valued at $8,326,409.31. This trade represents a 0.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,276 shares of company stock valued at $3,093,736 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Price Performance

CSWI stock traded down $1.01 during mid-day trading on Tuesday, hitting $326.59. 7,844 shares of the stock were exchanged, compared to its average volume of 135,388. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 38.81 and a beta of 0.96. The business has a fifty day moving average price of $300.39 and a 200 day moving average price of $340.91. CSW Industrials, Inc. has a 12 month low of $240.21 and a 12 month high of $436.50.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.33%. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date was Friday, April 25th. CSW Industrials's dividend payout ratio is presently 12.90%.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.